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20121202
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to ending the fiscal cliff-hanger. how not solving it will affect your family pocketbook. >> from the state capitol tonight, new lawmakers taking their seats. what is still to come now that democrats hold a super majority. >> and kate middleton's emergency trip to the hospital. she could be there for days with something much worse than morning sickness. >>> less than a month to go until the u.s. could spend massive spending cuts and tax increases known as the fiscal cliff. >> tonight we're no closer to a deal. mark matthews is here now with latest for us. >> it's been 16 days since president and leaders met to talk about avoiding ts fiscal cliff n that time, nothing much moved. now, we've got three weeks in change, and the failure will be felt by everyone. in san francisco's cafe, the owner has been watching the fiscal cliff creep closer hoping for a resolution. >> if they don't, it's going to be tough. >> he's talking about employ qleez can see income taxes increase by a couple thousand dollars. >> cost of living is really high. and tough to make especially in the city like san francisco.
for-to-avoid the fiscal cliff and both sides are playing hard ball. issue taxes and revenues. bush era tax cuts expire the first of the year. democrats want tochl tend them to the middle class but not the wealthy. republicans appeared to signal their willing to discuss increasing revenues but not necessarily by taxing the rich. >> there are a lot of things possible to put this on the table. none of us are going to be impossible. the president insists on this position. insisting on my way in the highway. >> democratsç& responded saying it doesn't work without raising tax autos because republicans are holding the tax cuts as they have all along, hostage to tax cuts for the wealthy. >> economists say the uncertainty about gaining steam dead in its track autos a jobs report balances out phone shall of going over that fiscal cliff this, is adding2÷, 136,000 people added to payrolls and national unemployment rate fell to 7.7%. the dow chimed 81 points. nasdaq went the opposite direction because the stock has been in free fall lately. dropping another $14 a share today, cisco no longer con
will, thank you very much. >> we're now four weeks from that so called fiscal cliff and talks between democrats and republicans in washington have stalled. january 1 bush era tax cuts cuts affecting defense and social spending. house republicans offered a plan including $800 billion in revenue. the president says it's not good enough. >> we're going to have to see the rates on the top 2% go up z we're not going to be able to get a deal without it. it's not:hlj partisan. >> the plan is also not popular with some republicans. opular with some republicans. conceding that the federal government needs more money negotiating with ourselves and treating the proposal like it's serious. >> there is one area that may have found common ground. raising the age when seniors can receive some medicare. >> an eight day strike by shippingl2?sq)ks. both sides agreed to mediation. lines being7kuñ honored by 10,0 long shore men. the strike against 14 shipping lines is costing the u.s. economy $1 bi=es; a day in lost trade. the union jobs claims jobs being shipped overseas. the port says it's offering
Search Results 0 to 2 of about 3